$790,000
Tempe, AZ 85281
MLS# 7029919
3 beds | 1 baths | 1000 sqft
1 / 15
Property Description
R3 zoning near Mill Ave, on 5th! RARE opportunity to own a property just a few blocks away from Mill Ave! Large 8,300+ sf lot! Located on one of the best streets - 5th St! New construction abounds! Urban infill at its best! - there is a new 50m+ upscale mid-rise project directly across the street that is just being completed! And less than 100 yards to the east is Farmer Ave, where hundreds of millions have been spent on a variety of commercial, multifamily, and mixed used developments, including the new Westin Vib hotel! Only a block to the Tempe Streetcar, which connects to the Light Rail, which is less than 2 min away! Walk to ASU, Mill Ave, Tempe Town Lake and more! This is a GREAT AREA!! Do NOT disturb tenants, drive-by Only!
Details
Contract Information
List Price: $790,000
Status: Active
Current Price: $790,000
List Date: 2026-05-18
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location, Tax & Legal
House Number: 421
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2709
Country: US
County Code: Maricopa
Assessor Number: 124-33-006
Subdivision: ORTH SUBDIVISION
Tax Year: 2024
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 3
Full Bathrooms: 1
Total Bathrooms: 1
Approx SQFT: 1000
Price/SqFt: 790
Horses: N
Builder Name: Unknown
Year Built: 1954
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 8375
Approx Lot Acres: 0.192
Flood Zone: No
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 6
Showing Notification Methods
Showing Service: Aligned Showings
Basement
Basement Y/N: N
Parking Spaces
Carport Spaces: 1
Slab Parking Spaces: 2
Total Covered Spaces: 1
DPR Eligible
DPR Eligible: Yes
Remarks Misc
Cross Street: 5th St and Farmer Ave
Directions: From Mill Ave, take 5th St, go 3 blocks west and the property is the 3rd property on your left past Farmer Ave.
Geo Lat: 33.425145
Geo Lon: -111.945247
Property Features
Special Listing Cond: FIRPTA may apply
Add'l Property Use: See Remarks
View: City Lights
Master Bathroom: None
Flooring: Tile
Spa: None
Community Features: Biking/Walking Path; Children's Playgrnd; Near Bus Stop; Near Light Rail Stop; Transportation Svcs
Dining Area: Eat-in Kitchen
Kitchen Features: Gas Cooktop
Laundry: Washer Hookup
Other Rooms: Family Room
Interior Features: No Interior Steps
Technology: Cable TV Avail
Exterior Features: Patio
Road Responsibility: City Maintained Road
Construction: Block
Const - Finish: Painted
Roofing: Composition
Cooling: Central Air; Ceiling Fan(s)
Heating: Natural Gas
Plumbing: Gas Hot Water Heater
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block; Chain Link
Property Description: North/South Exposure; Alley
Landscaping: Dirt Front; Dirt Back; Gravel/Stone Front; Gravel/Stone Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks; None
Possession: Close of Escrow; Subject To Tenant Rights
Unit Style: All on One Level
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Disclosures: Seller Discl Avail; Agency Discl Req
Supplements
R-3 ZONING, large/deep lot!! Perfect location for new condos/townhomes etc. Zoning should allow for 3 units but check with city as owner/agent makes no guarantees. Imagine the views from the 3rd floor rooftop balconies of the West 5 towers and the Tempe skyline, plus the mountain views!!
Drive by only, do not disturb the tenants, Thx
Listing Office: Windermere Real Estate & Property Management
Office Phone: 602-319-5363
Office Email: edverdi@edverdi.com
Last Updated: October - 03 - 2026
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